The California Competes Tax Credit (CCTC) is an income tax credit available to businesses that want to locate in California or stay and grow in California. Businesses of any industry, size, or location compete for over $180 million available in tax credits by applying in one of the three application periods each year. Applicants will be analyzed based on twelve different factors of evaluation, including number of full-time jobs being created, amount of investment, and strategic importance to the state or region.
Application Period Timeline: For the remainder of the 2022-2023, applications for the California Competes Tax Credit will be accepted during the following periods:
· March 6, 2023 – March 20, 2023
Please refer to the Notice California Competes Tax Credit Fiscal Year 2022-23 for more information.
For additional guidance with the CCTC program CLICK HERE
Have additional questions? Please contact Go-Biz at: 916.322.4051 or email the Go-Biz Service Desk.